Tanwan (HKSE:09890) Research & Development: HK$108 Mil (TTM As of Dec. 2025)

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HKSE:09890 Tanwan Inc HKSE:09890
35 GF Score
Price HK$10.10
! 6 Warning Signs
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What is Tanwan Research & Development?

Tanwan HKSE:09890 +2.33% 35 Research & Development is HK$108 Mil as of Dec. 2025. GuruFocus rates HKSE:09890 with a GF Score™ of 35/100. The stock has 6 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Tanwan's Research & Development for the six months ended in Dec. 2025 was HK$57 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was HK$108 Mil.

Tanwan  (HKSE:09890) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Tanwan Research & Development Related Terms

Tanwan Research & Development Historical Data

* Premium members only.

The historical data trend for Tanwan's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tanwan Research & Development Chart

Tanwan Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial 167.69 176.15 187.30 136.38 108.61

Tanwan Semi-Annual Data
Dec20 Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Research & Development Get a 7-Day Free Trial Premium Member Only 92.48 80.15 56.88 50.58 57.49
HKSE:09890
35GF Score
Tanwan Inc HKSE:09890
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Tanwan Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$108 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of HK$108 Mil mean?
Tanwan (HKSE:09890) has a Research & Development of HK$108 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Tanwan and its competitors.
Is Tanwan's Research & Development too high?
Tanwan's current Research & Development is HK$108 Mil. Overall, Tanwan has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Tanwan's Research & Development compare to NTES and EA?
Tanwan's Research & Development of HK$108 Mil can be compared against companies in the Interactive Media industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for an Interactive Media company?
A good Research & Development depends on the Interactive Media industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Tanwan and its competitors. Tanwan's current Research & Development is HK$108 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tanwan stock overvalued right now?
Tanwan (HKSE:09890) has a current Research & Development of HK$108 Mil. The current Research & Development is HK$108 Mil. Tanwan's overall GF Score™ is 35/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Tanwan (HKSE:09890), the current Research & Development is HK$108 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Tanwan Business Description

Address 656 Huangpu Avenue, Floors 41, 62 to 66, Canton Financial Center, Tianhe District, Guangdong Province, Guangzhou, CHN
Tanwan Inc Formerly ZX Inc is a publisher of online game products in China. It is devoted to marketing and operating online games (in particular mobile games) in China. The online games developed by its clients marketed and operated by the company are delivered to players under the Tan Wan brand. The company has enabled the marketing and operation of game products. Its geographic markets are Mainland China, Hong Kong, and Others. It generates revenue from marketing and operating online games and consumer product business, including sales of private-label and local-flavor rice noodle products and other fast consumer foods under the brand Zha Zha Hui.
35GF Score

Get the complete analysis for HKSE:09890

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$10.10
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